HomeMy WebLinkAboutNo. 1924 appropriating monies for the purpose of defraying expenses of certain local public improvements for fiscal year beginning 1/1/2002 and ending 12/31/2002 including all outstanding claims/obligations. i
RESOLUTION NO. 1924 AS AMENDED
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING
MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL
PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2002,
AND ENDING DECEMBER 31, 2002, INCLUDING ALL OUTSTANDING CLAIMS
AND OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT
Whereas, the South Bend Redevelopment Commission is the lessee of certain local
public improvements which, during calendar year 2002, realize revenues and incur expenses in
connection with the operation and maintenance of the same; and
Whereas, the South Bend Redevelopment Commission has determined that it is
necessary to appropriate the revenues of certain public improvements in order to defray the expenses of
those local public improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. For the expenses of the Blackthorn Golf Course, for the fiscal year 2002, the sums of
money, as set forth in the budget which is made a part hereof, are hereby appropriated and ordered set
apart out of the funds hereinafter named, and for the purposes hereinafter specified, subject to the laws
governing the same. The sums herein appropriated shall be deemed to include all expenditures
authorized to be made in said year, unless otherwise expressly stipulated or provided by law.
2. For the fiscal year ending December 31, 2002, the above referenced appropriations are
made within the Blackthorn Golf Course Fund.
3. This resolution shall be in full force and effect from and after its adoption.
Adopted at the regular meeting of the South Bend Redevelopment Commission held
Friday, December 6, 2000, at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard,
South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
Plarcia Jones ce President
2002 BLACKTHORN GOLF COURSE BUDGET
OPERATING REVENUE
2002
2002 PROJECTED
Golf Carts & Green Fees
1,105,271
979,289
Membership
14,850
41,537
Driving Range
50,220
40,854
Other Golf
4,464
3,535
Instruction
40,300
41,011
Merchandise
175,142
205,357
Food and Beverage
243,114
231,056
TOTAL REVENUE
1,633,361
1,542,639
LESS: COST OF SALES
Instruction
31,031
28,584
Pro Shop
119,097
124,416
Food & Beverage
82,659
70,453
TOTAL COST OF SALES
232,787
223,453
TOTAL OPERATING REVENUE
(1,059,522)
(1,034,946)
LESS COST OF SALES
1,400,574
1,319,186
OPERATING EXPENSES
Pro Shop
(324,100)
(310,860)
Course Maintenance
(454,122)
(454,798)
Food & Beverage
(53,247)
(42,127)
Administration
228 053
(227,161)
TOTAL OPERATING EXPENSES
(1,059,522)
(1,034,946)
OPERATING INCOME
341,052
284.240